March 12th, 2013 2:29 PM by Eric Fang
Some borrowers suggested to talk more about the interest rates, not just running.
The rate pulled back a little bit from 9 monthhigh of yesterday. Like I mentioned in the previousblogs, the bond trades within a range. It will besafe when we have 10 yr note at the level of 2.0x,and we can lock the rate when the bond at the levelof 1.8x.
So at this memoent, I believe the interest ratewill be lower for most fixed loan programs. I still lock a lot of loan recently, even though therate is high. The reason is very simple, I "know" thetrend, and a lot of borrowers can lock 15 yr fixed 2.5%to 2.625%. 30 yr fixed 3.375%. For high balance loans,I still locked some rates of around 3.5% for 30 yr fixed, 2.875% for 15 yr fixed. Impound account is needed for those best rates.